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The Venture Codex

Overview

Private equity fund financing medium-sized companies in West Africa.

Deals · 12mo

2

Stage focus

—

Geographic focus

South Africa

Sector focus

—

Investment portfolio

2rounds
NAMEDATESIZE
Enko Education
Feb 2026Participated
$46 MOther Equity
Enko Education
Dec 2025Participated
$24 MOther Equity
Enko Education
Feb 2026Participated
$46 MOther Equity
Enko Education
Dec 2025Participated
$24 MOther Equity
2
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Deal Distribution

Adiwale Fund I: 2 funding rounds are recorded in the selected participation categories.All available history.
Adiwale Fund I: 2 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Other Equity02

Monthly Deal Activity

Adiwale Fund I: 2 deals are recorded across 11 months.All available history.
Adiwale Fund I: 2 deals are recorded across 11 months. All available history
MonthDeals
Dec '251
Jan '260
Feb '261
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Adiwale Fund I: Education & Workforce is the largest displayed sector by deal count (2 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Adiwale Fund I: Education & Workforce is the largest displayed sector by deal count (2 deals). All available history
SectorDeals
Education & Workforce2
Media & Entertainment2
Professional Services2

Deal Size Distribution

Adiwale Fund I: 2 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Adiwale Fund I: 2 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M0
$10M-$25M1
$25M-$50M1
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Adiwale Fund I: South Africa has the largest recorded deal count among the displayed regions (2 deals).All available history.

Top 1 of 1 regions; European countries are grouped as Europe.

Adiwale Fund I: South Africa has the largest recorded deal count among the displayed regions (2 deals). All available history
RegionDeals
South Africa2
Adiwale Fund I: 5 co-investors are shown, with Africa Capitalworks sharing 2 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Adiwale Fund I: 5 co-investors are shown, with Africa Capitalworks sharing 2 recorded deals. All available history
Co-investorShared deals
Africa Capitalworks2
Liquid Africa1
Proparco1
Standard Bank1
Steyn Capital1

Investment Strategy

Adiwale Fund I: Led accounts for 0% and participating for 100% of round participation.All available history.
Adiwale Fund I: Led accounts for 0% and participating for 100% of round participation. All available history
CategoryDeals (count)Share (%)
Led00%
Participating2100%
Adiwale Fund I: Single-lead accounts for 0% and co-led for 0% of lead dynamics.All available history.
Adiwale Fund I: Single-lead accounts for 0% and co-led for 0% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead00%
Co-led00%

Lead dynamics requires at least one led deal in this range

Team